MU trade ideas
MicronIf bull market is going to continue, semiconductors are going to contribute and rise from these support levels.
MU: break and jump!MU: break and jump!
-ABCD pattern.
-Inversed HnS pattern.
-Key level support.
-Less vol at the bottom.
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See more plans at US STOCKS- WALL STREET DREAM
$MU uptrend tapping older highs as new lows?Thinking about starting a small position on NASDAQ:MU $100c for Jan. 2025 for a scalp into earnings call Dec. 18th. Bear vs. Bull flow seems mixed but I see, in my opinion, enough actionable call option flow to take this trade on top of a good looking technical layout. The chart shows me uptrend and bouncing off it's double tops from previous years at $95. Can be utilized as a new clear support. Looks like it's creating a symmetrical triangle off the highs of $145 in June 2024 which currently puts the stock at almost a 37% retrace from that time.
Micron Technology ($MU): Strategic Buy with AI-Driven UpsideMicron Technology ( NASDAQ:MU ): Strategic Buy with AI-Driven Upside
Trade Setup:
- **Buy Price:** $98.66
- **Stop-Loss:** $84.68
- **Take-Profit:** $160 to $180
**Rationale:**
Micron Technology, a leader in memory and storage solutions, is poised to benefit from the growing demand in artificial intelligence (AI) applications. The company's advancements in high-bandwidth memory (HBM) position it favourably within the semiconductor industry.
**Financial Performance:**
In fiscal Q4 2024, Micron reported revenue of $7.75 billion, a significant increase from $4.01 billion in the same period last year. The GAAP net income was $887 million, or $0.79 per diluted share, marking a substantial turnaround from the previous year's loss.
**Analyst Insights:**
Analysts have set a 12-month average price target of $146.28, with estimates ranging from $90 to $250, indicating a potential upside of approximately 48% from the current price.
**Risk Management:**
The stop-loss at $84.68 helps mitigate downside risk, while the take-profit range of $160 to $180 offers a favorable risk-reward ratio.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
MU going for goldAt the third double bottom teasing 114.17 breakout to gap fill, it would be nice to see continuation here and what happens at 107.94 (monthly pivot). This one started with a breakaway gap September 25th and has recently filled the runaway gap, but the bullish trend is still intact from the current double bottom. I'm looking for 01/17/25 105c here, with a stop-loss at 99.05 (monthly pivot).
$MU: OUTLOOK NASDAQ:MU : OUTLOOK
Buying NASDAQ:MU tomorrow at market open for a long-term position 📈
Holding for about a year!
👉 LIKE & FOLLOW for more updates!
Micron stock dips 38 percent, is it time to buy?Micron Technology (MU) stock reached a 52-week high of $157.54 on June 18, 2024. As of November 27, 2024, it trades at $97.35, marking a decline of approximately 38.2% from its peak. This decline may present an opportunity for investors to "buy the dip," especially as the stock remains within a long-term upward trend. Current support levels are identified in the $85 to $96 range, where the stock has previously surpassed historical peaks, suggesting potential resilience in this zone.
Micron Technology's growth potential is driven by increasing demand for DRAM and NAND memory across sectors like AI, data centers, and 5G smartphones, with projected annual growth rates exceeding 30% in some areas. Automotive advancements, including electric and autonomous vehicles, and the expansion of IoT applications further fuel the need for high-capacity, low-latency memory. Micron’s leadership in cutting-edge memory technologies, investments in R&D, and strategic positioning in high-growth markets like cloud computing and AI solidify its potential. Additionally, the rising memory content in devices and the global shift toward digital transformation bolster its prospect.
NYSE:MU - ELLIOTT WAVE ANALYSIS: 22 NOV, 2024 - BULLISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
I see that an ABC-grey probably just completed recently at the 84.12 low, and the corrective waves are followed by motive waves, so I expect a much higher push in this stock.
Looking closer, I see that the 1-grey and 2-grey waves just completed at 95.53 and it looks like the 3-grey wave is unfolding. It is subdividing into ((i)),((ii))-navy. And after the ((ii))-navy wave is over, we can go long towards the ((iii))-navy wave.
While price must remain above 95.53 to maintain this view.
Key point: Wave B of wave ((ii))-navy.
MU GETTING READY FOR DEC 2024MU is getting ready for a breakout We should see $128 soon. It started consolidation on 5th August 2024 & today is Nov 11,2024 & should consolidate further.
I will post when Big green candle is expected but for now I have started creating long positions in MU.
Tech 2x leverage ETF's // mull, tsmu mstuI recently purchased mstu and even more recently looked at their chart😊. Their first candle on Wed the 18th to todays close is just proud of 400%. I am currently down about 4%. MSTR chart from Oct 18 to close today is roughly 150%. So…
The ETF accelerated faster than a 2x pace for the first month. I understand MSTR is super popular right now and that that likely helped the etf, however, it got me to thinking. Are leveraged ETFs in general accelerating faster than the underlying consistently upon launch? Well the answer is no.
I looked at recent 2x launches going back to the low in early August and mstu is an outlier.
I did see crwl for CRWD and tsmu for TSM. They were introduced this week. On our Remembrance Day in fact. Respect to US Veterans Day.
Both underlying stocks are solid in my opinion. Especially so in the seasonal broad race to the New Year. The chart I chose to show was MU…mainly because of the range its been playing in. I think it’s consolidating in the warmth of the March gap and going to break to the up side. US government has announced that $39 Billion will be released through the chips act and both TSM // MU will be recipients. BOOST!
To whomever is trading for the MSTU company; Well done team...genuinely, well done. Congrats on the listing. Blunt question for you; is the accelerated growth beyond a 2x result in this first month solely on your trades or are you using VC dollars to create a curve? I hope it’s the former…and I wish you all the best.
P.S.A to anyone looking at mstr call options…the IV is ±130% last time I looked for anything in Q1 of 2025. Brutal. You might as well by spot. Don’t get burned.
Take care,
MR
MU has closed above resistance MU has triggered my second entry with a close above resistance yesterday. My buy order is at 113.87 just above yesterdays high and my stop is at 105.60 just below the gap from 06 Nov. the 8 ema is above the 21 and 2ema is currently above the 89 ema pointing a short and longer term trend change. The angular trend line could also be used for a trailing stop until a better level presents itself. I try to remain flexible within my risk management rules!
Did everyone forget about Micron? I didn't! 69% Move Inbound!NASDAQ:MU
Did everyone forget about Micron? I didn't! 69% Move Inbound!
In this video analysis, we will go over:
1⃣ My #HIGHFIVESETUP
2⃣ Microns BULL FLAG
3⃣ Trade ideas, including Entry/Exit/PT's
4⃣ ...
NFA
NASDAQ:MU
Micron $MU squeezeMicron squeeze. 1.4 days to cover.
Micron Technology Inc $ 108.08
MU -3.82
Short Interest Ratio (Days To Cover) 1.4
Short Interest (Shares Short) 35,200,000
MUif 110 hold, going to 130
an upward trend in the prices of an industry's stocks or the overall rise in broad market indices, characterized by high investor confidence
MU"MU is a very excellent stock for long-term investors, with an investment target of $198. It is forming a great pattern on the monthly chart. For short-term traders, entry is at a breakout above $114.14, with a stop-loss at $97. The target levels are the areas defined on the chart."
10/27/204 - Sunday Night Analysis - MU - ShortBased on:
Technical Analysis
Fundamentals
Trend Analysis
CRT and FVG
Short MU temporarily.
MU buyingAfter confirming the breach of the previous channel, the next target is the ceiling of the new channel, which is level 145.
Difference between candles and barsHey traders and investors!
What is the difference between using candles or bars on a chart?
This example clearly shows the key difference. Take note of the closing price of the candle on September 26 (point 8 of the range). On a candlestick chart, this is impossible to understand. On a bar chart, the closing price is clearly visible. The closing price is below the range boundary of 111.34, the trading volume is enormous, and the buyer was unable to break above the range.
Now, the price has reached the range boundary of 111.34 for the second time on increased volume, and the seller has absorbed the buyer, forming a buyer's zone at the upper boundary of the range. There is a high probability of further price decline within the short vector 8-9 of the range (potential target 85.92). However, there are threats along the seller's path.
You might consider buying at the 98.7 level (if buyer will protect it) or around 84-86.
Good luck with your trading and investments!
Inverse head and shouldersAn inverted head and shoulders is almost complete
Price can get a strong upside boost during next weeks
Opening (IRA): MU Nov 15th 95 Covered Call... for a 92.53 debit.
Comments: Post-earnings, IV remains somewhat decent here at 45.2%. Selling the -80 delta call against long stock to emulate the metrics of a 20 delta short put, but with built-in short call defense.
Metrics:
Buying Power Effect/Break Even: 92.53/share
Max Profit: 2.47
ROC at Max: 2.67%
50% Max: 1.24
ROC at 50% Max: 1.33%
Will generally look to take profit at 50% max, roll out the short call on test.
